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Uptick this morning, pre-market trades... interesting
SRNA
MM's sitting on bid right now holding it back. Patience pays $$$$
SRNA
Dont get mad at mick because the company yall were cheerleading is underperforming. That being said, those of us who know the fundamentals and know the potential, will continue to trade without emotion
SRNA
"Thanks for the post bud"
- Guy that joined Ihub YESTERDAY, and doesnt realize that the guy was s*** talking SRNA lol
My response to him would be that SRNA may not follow the same track as other similar companies in the same sector, however the company is real, with real employees and executives that are striving to make the company succeed; And they are doing a hell of a job, even with the status of the current pandemic.
SRNA LONG
Big things happening here. Exciting days and weeks ahead
SRNA
Article from yesterday
Surna Inc (OTCMKTS:SRNA)
Surna Inc (OTCMKTS:SRNA) is one name that ought to be on each penny stock financial specialist’s radar. The organization is making enormous moves and conveying for its shareholders. Its first quarter comes about demonstrated that and now shares are near breaking out to the upside.
Surna creates imaginative advancements and items that screen, control as well as location the vitality and asset escalated nature of indoor cannabis development. At present, the organization’s income stream depends on its fundamental item offerings – supplying mechanical innovation and items to business indoor cannabis develop offices.
In the latest quarter, sales increased more than 200% to $2.5 million, contrasted with $819,000, reflecting strong sales and more noteworthy demand as more states authorized cannabis. Gross margin enhanced to 43.6% from 10.8%, reflecting good item blend and the advantage of another evaluating plan. Working costs were $724,000, contrasted with $968,000. Operating income enhanced to $365,000, from a working loss of $880,000.
As of March 31, 2016, cash was standing around $1.1 million, contrasted with $331,000 at December 31, 2015. Deferred revenue was around $1.4 million, up from $986,000. Defered income speaks to contracts in advancement, as the organization perceives income as items are sent or services are performed. The organization gained significant ground in Q1.
Surna secured an agreement for roughly $725,000 with Las Vegas cultivator Cloud 9 Wholesale for an office that spreads 30,000 square feet, which will require around 550 tons of cooling hardware for development atmosphere control.
SRNA likewise got four configuration licenses from the United States Patent and Trademark Office for its Surna Reflector items that convey more straightforward light to the covering while giving one of a kind thermodynamic attributes that enhance heat exchange from the development territory.
Surna now has eight pending patent applications and four issued licenses. Its outstanding shares are standing around 145,898,850, while authorized shares at 500,000,000
View the article here
Does anyone here know the 45-day deadline for getting the 10Q in? I think that will be our next catalyst if it is strategically timed with the release of optimistic forward-looking PR
SRNA
Thats his not so humble opinion. SRNA isnt going anywhere
Getting real tired of seeing NITE with huge wall on the ask
I think most people here are hoping for fluff PR like some of the pump n dumps put out. Thats what separates the men from the boys in penny land. One has to read between the lines in this game. If ability for cannabis companies to bank is included in economic relief bill, then hold on to your butts
SRNA
Who wouldnt want to run this back down to 52 week low levels and load up? They know exactly what theyre doing
Its 45 days... not really a huge deal. I was kind of expecting it
SRNA
In my several years of trading in and out of this stock, this feels like its setting up like the other multi-day runs this has had. Look for this to be in the .10-.20 range sooner than later.
SRNA
Was anyone paying attention to the technicals yesterday? There was alot of buying. Something is stirring
SRNA
Someone loading up cheap shares. I would expect price wont stay here
From right side margin of commenting page:
"You are posting to the Surna Inc. (SRNA) board. Please keep your post about the stock and company."
I was thinking the same. Looks like a reversal on the hourly chart
Cant believe CEO would release a statement like that. This Covid stuff wont last forever. Theres been an increase in demand for cannabis. The market is still in the early stages. Just hang in there. Alot of whats going on today is market manipulation by the MM's
Call is Thurs however the earnings will likely be released a couple days in advance
Looking like things are gonna be heating up here very soon. Today by EOD or tomorrow
SRNA
Earnings will be released well in advance of the conference call. Look for balance sheet to be released within next several days
SRNA
Because its penny land. Market makers play games. And the SAFE banking act is in limbo so all the cannabis stocks are underperforming. Do your DD if youre buying and selling with your hard earned money
Means no dirtbike parts this month, bud
NITE trying to dump 288k shares at .0511... holy hell man
February 25, 2020
CEO Letter to Shareholders
Dear Surna Shareholders:
The past 15 months, since I stepped in as the manager of your company, have been a whirlwind. I have learned many things about the industry in general and
about Surna in particular. Two industry challenges stand out as particularly good news. First, the United States and the world are going to need a lot of cannabis
in the coming years. Second, growing cannabis indoors is extremely difficult to do well. I believe, sincerely, that Surna is well-positioned to help the industry
meet these two challenges.
According to industry estimates, global retail sales of cannabis products are projected to grow at a compound annual rate of about 26%.
1
It stands to reason then,
there will be corresponding growth in cultivation facilities, providing an increasing market for Surna’s products and services in North America, and possibly even
internationally at some point in the future. Our revenue growth through the first three quarters of 2019 validated our belief that a growing and more sophisticated
group of customers would desire our products.
2019 Milestones
As I stated in last year’s letter, I will report information to you with the detail and candor I would expect if our roles were reversed. While Surna made great
progress, it did not accomplish all management set out to do. So how did we do? Let’s take a look.
Revenue. Previously, Surna had inconsistent and unpredictable revenue, which had been flat for the preceding three years. Historically, we sold expensive
“Cadillac” systems to a limited set of customers. Whenever a project was delayed or cancelled, which was often, our cash flow took a dramatic hit. In 2019, by
sharp contrast, our revenue grew 56% year-over-year through Q3, and we had earned more revenue by the end of Q3 than we did in all of 2018. In 2019, we
pursued three initiatives to address our historical issues:
1. Focus on large multifacility operators (MFOs). MFOs have the financial and organizational wherewithal to buy more and larger systems and they are less
prone to project delays and cancellations than the smaller (and riskier) cultivators that had been our primary customers in the past. We enjoyed success in
this effort, closing six projects with MFOs (three with a single MFO), representing over $7 million, or over 60%, of our revenue through Q3. However, we still
have significant work ahead of us to fully fill our sales pipeline with the dozen or so MFO customers that we believe are required to give us more consistent
and predictable revenue and cash flow.
2. Offer a broader range of products and services across the cultivation facility lifecycle. We fulfilled the first step of this goal with the introduction of our
SentryIQ™ controls package. We also began offering full mechanical, electrical, and plumbing engineering services, developed and sold a four-pipe
environmental control system with Surna fan coil units and custom air handlers, developed a proprietary destratification fan, and performed facility retrofit
services. Through Q3, our new custom air handlers alone generated $2.3 million in revenue.
3. Enter strategic alliances to expand our marketing and sales reach. We were unsuccessful in this endeavor, first because we did not prioritize it highly
enough, and second because we have yet to attract partners of the caliber we are seeking.
1Arcview Market Research and BDS Analytics, The State of Legal Marijuana Markets, 6
th Edition, 2019 Update
EDGAR Stream is a copyright of Issuer Direct Corporation, all rights reserved.
Cash Building and Dilution. We started 2019 with just over $250,000 in cash but, with a new discipline on cost control and strong sales growth, we were able
to increase our cash to $2 million at the end of Q3. We were self-sustaining and generated $1.8 million in operating cash flows through Q3, and we did not
require any outside capital. By contrast, in 2017 and 2018, Surna experienced losses and cash flow deficits that had to be financed with a series of dilutive capital
raises. In 2019 we obsessively focused on financial discipline to achieve the goal of profitability and cash flow sustainability—in part of sheer necessity, and in
part to simply validate that we had a financially viable business model. We do. We achieved our first two profitable quarters ever in Q2 and Q3.
Bottom line: We are in no way out of the woods. Though improved throughout the course of 2019, our working capital remains negative and is a constant threat
to the viability of the business, so we must land more MFO and other contracts and we may have to raise capital again to fund our working capital needs and
future growth.
Investor Relations. Surna previously had limited investor relations activities. Now, we have a clear plan designed to create an actively traded, widely held, and
fully valued stock over time—and in concert with achievement of our financial goals. In 2019 we took the required baby steps of hosting regular earnings calls
and attending a select number of investor conferences. We will have more to share in this regard over the next few quarters.
In sum, we achieved much of what we set out to do in 2019.
Our 2020 Growth Strategy
There are fundamentally three ways to grow a business: (i) increase the number of customers, (ii) increase the average revenue per order, or (iii) increase the
frequency of orders.
For 2020, Surna’s operating goals are threefold:
1. Chevys. In addition to “Cadillac” products, sell “Chevy” or equivalent products to satisfy a wider range of points along the demand curve.
Anticipated result: Increase the number of customers.
Surna has a sales and marketing program that generates many prospect relationships. However, our limited range of higher cost products, mostly chilled
water systems, reduces the number of customer prospects who can afford to buy from us. This year we will broaden our product line to include lowerand mid-cost products, such as split systems and packaged roof top units, as well as other technology solutions, so that customers can still take
advantage of our engineering expertise and capabilities. We believe these new products and services will increase our addressable market and increase
sales, further leveraging our investment in sales and marketing.
EDGAR Stream is a copyright of Issuer Direct Corporation, all rights reserved.
2. Steering wheels. Sell our customers the automated facilities control systems they need—directly. Anticipated result: Increase average order
size.
Growing live plants indoors under total control is a technically demanding business, and a failed crop can cost a grower significant revenue. We believe
that Surna’s licensed professional engineers are the industry’s leading experts in the design of such facilities, and we seek to extend that leadership into
more advanced technology products.
Last year we introduced our SentryIQ™ control system. If our climate control design and products are the car, then SentryIQ™ is the steering wheel—
you need one to direct the car where to go. Before SentryIQ™, we had to send customers elsewhere for controls to regulate their cultivation
environments, but now Surna can capture that revenue.
Our next step down this technology and innovation road will be the development of the equivalent of a self-driving car. Growers will tell the control
system what they want to achieve, and the system will sense the environment and direct the climate control system to achieve the grower’s goals. These
systems will integrate data analytics—and eventually deploy artificial intelligence—to optimize multiple variables to maximize grower profits. Leading in
this market is particularly valuable because it expands our addressable market for both sensors and software while offering higher margins and the
possibility of recurring revenue.
3. More dealers. Engage in one or more strategic relationships with other technology leaders that serve our industry. Anticipated result:
Increase the number of customers.
Such relationships might include referral marketing agreements, co-development of unique integrated solutions with best-in-class partners, and
acquisitions. To extend the automotive analogy, engaging in these types of relationships is like finding more dealers to sell our products, at little cost to
us.
Grow Organically, Strategically and Profitably
As I mentioned at the outset, the worldwide market for indoor-grown cannabis products is projected to grow substantially for the foreseeable future. Our goal is to
continue growing, both organically and through strategic opportunities, while maintaining the financial discipline we implemented last year so that, ideally, we will
only need to raise cash to fund growth or for strategic acquisitions.
Thank you for your continued support of Surna. I invite you to join our earnings call that will be conducted on Thursday, March 26, 2020 at 4:00 p.m. Eastern
Time.
Looks like we may gap up today. We are way undervalued at these levels, we should be sitting closer to .12-.20 range at the very least
SRNA
SAFE passed the house, still has to pass the senate and be signed by the president. Havent been able to find out when it goes before the senate
SRNA
What you fail to recognize is the level of competition in the hydroponic agriculture industry. SRNA is custom tailored to marijuana grows. This stock is considered a MMJ play whether YOU or any other investors see it that way, and that is the way it must be viewed in order to be successful at trading it
SRNA
Anyone with charting experience would look at this chart and say that it is ready to blow its top. The news had a day to sink in. Get ready for a fun next few months. JMPO
SRNA
Not 4pm yet, wouldnt be surprised to see an EOD run
SRNA
Nothings wrong, you just didnt play it right, Ive bought in and out of this several times, only got burned once. Might as well hold, itll far surpass .50 in the not so distant future.
SRNA
We should see Q4 2019 fins in about a month
SRNA
$SRNA - NEWS OUT - READY TO BREAK OUT
Surna Signs Contracts for New Monitoring and Controls Systems
Press Release | 02/11/2020
Agreements cover equipment for a combined total of over 212,000 square feet of cultivation space
Boulder, Colorado, Feb. 11, 2020 (GLOBE NEWSWIRE) -- Surna Inc. (OTCQB: SRNA) announced a major milestone as it relates to the Company’s SentryIQTM Monitoring, Controls and Automation systems for control and data visualization of engineered cultivation facilities. The company has entered into seven contracts with six different companies to implement its SentryIQTM platform. Introduced in April 2019, these systems provide a steady stream of data that customers use to make daily cultivation decisions. Additionally, Surna can use this data to track trends and apply future enhancements to its products and services, fostering closer relationships with clients throughout their facilities’ life cycles.
The new contracts cover the following projects:
100,000 square foot project in Alberta, Canada: Surna is working on two projects for one customer that each involve approximately 50,000 square feet of cultivation space. Surna will provide engineering design, climate control equipment and its SentryIQTM mechanical plant controller to control the chiller plant, boiler and to monitor energy consumption in the chiller plant.
25,000 square foot project in California: Surna will provide engineering design services, climate control equipment and a SentryIQTM plant controller for a 25,000-square-foot cultivation space facility run by a multi-facility operator.
10,000 square foot project in Alberta, Canada: Along with engineering design services, Surna will provide climate control equipment, a front-end user interface, SentryIQTM Facility Supervisor and SentryIQTM Room Controllers that will control temperature, humidity and CO2 evacuation for over 10,000 square feet of cultivation space. Additionally, Surna will provide vapor pressure deficit monitoring and data collection. Surna will also conduct ongoing monitoring and supervision support by logging into the customer’s system to review performance and adjust programming and algorithms as needed.
40,000 square foot project in British Columbia, Canada: Surna is providing engineering design, climate control equipment and its full suite of controls products for 40,000 square feet of cultivation space in a multi-tiered facility utilizing LED lighting.
12,000 square foot project in Oklahoma: Surna is providing climate control equipment and its full suite of controls products for 12,000 square feet of cultivation space. Surna is also providing engineering design services for this multi-state operator.
25,000 square foot project in Michigan: Surna is providing climate control equipment and its full suite of controls products for 25,000 square feet of cultivation space. Surna is also providing engineering design services for this facility.
All SentryIQTM controls include Surna’s proprietary loop capacity monitoring, which allows Surna to assess the actual output and unused capacity of the climate control equipment under various operating conditions. This provides valuable engineering data for optimizing performance remotely and troubleshooting — data not previously available to cannabis cultivators because the industry has not systematically collected and analyzed it before now. Because cooling and dehumidification systems are typically the largest consumers of energy in cannabis cultivation facilities, such information is extremely important to accurately assess energy use associated with climate control systems under various operating conditions. Additionally, the data provides critical cornerstone information for predictive energy modeling in the future.
With Surna’s full suite of engineering, equipment, controls and data collection, cultivators no longer need three separate vendors to provide these products and services. At the same time, Surna can leverage the data it collects to ensure its designs operate with optimal efficiency under real-world conditions.
Surna’s mechanical design services, coupled with its SentryIQTM controls, offer customers significant flexibility to adapt to changing needs, methods and facility parameters, including modifications that may occur between design, application and perfection of the cultivation process.
About Surna
Surna Inc. (www.surna.com) designs, engineers and manufactures application-specific environmental control and air sanitation systems for commercial, state- and provincial-regulated indoor cannabis cultivation facilities in the U.S. and Canada. Our engineering and technical team provides energy and water efficient solutions that allow growers to meet the unique demands of a cannabis cultivation environment through precise temperature, humidity, light, and process controls and to satisfy the evolving code and regulatory requirements being imposed at the state, provincial and local level.
Not necessarily. Lots of eyes on this, could be a multi day run. Many investors will look at this and say that it found the bottom. We shall see! News like this has been a major catalyst in the past
SRNA
Surna Signs Contracts for New Monitoring and Controls Systems
Press Release | 02/11/2020
Agreements cover equipment for a combined total of over 212,000 square feet of cultivation space
Boulder, Colorado, Feb. 11, 2020 (GLOBE NEWSWIRE) -- Surna Inc. (OTCQB: SRNA) announced a major milestone as it relates to the Company’s SentryIQTM Monitoring, Controls and Automation systems for control and data visualization of engineered cultivation facilities. The company has entered into seven contracts with six different companies to implement its SentryIQTM platform. Introduced in April 2019, these systems provide a steady stream of data that customers use to make daily cultivation decisions. Additionally, Surna can use this data to track trends and apply future enhancements to its products and services, fostering closer relationships with clients throughout their facilities’ life cycles.
The new contracts cover the following projects:
100,000 square foot project in Alberta, Canada: Surna is working on two projects for one customer that each involve approximately 50,000 square feet of cultivation space. Surna will provide engineering design, climate control equipment and its SentryIQTM mechanical plant controller to control the chiller plant, boiler and to monitor energy consumption in the chiller plant.
25,000 square foot project in California: Surna will provide engineering design services, climate control equipment and a SentryIQTM plant controller for a 25,000-square-foot cultivation space facility run by a multi-facility operator.
10,000 square foot project in Alberta, Canada: Along with engineering design services, Surna will provide climate control equipment, a front-end user interface, SentryIQTM Facility Supervisor and SentryIQTM Room Controllers that will control temperature, humidity and CO2 evacuation for over 10,000 square feet of cultivation space. Additionally, Surna will provide vapor pressure deficit monitoring and data collection. Surna will also conduct ongoing monitoring and supervision support by logging into the customer’s system to review performance and adjust programming and algorithms as needed.
40,000 square foot project in British Columbia, Canada: Surna is providing engineering design, climate control equipment and its full suite of controls products for 40,000 square feet of cultivation space in a multi-tiered facility utilizing LED lighting.
12,000 square foot project in Oklahoma: Surna is providing climate control equipment and its full suite of controls products for 12,000 square feet of cultivation space. Surna is also providing engineering design services for this multi-state operator.
25,000 square foot project in Michigan: Surna is providing climate control equipment and its full suite of controls products for 25,000 square feet of cultivation space. Surna is also providing engineering design services for this facility.
All SentryIQTM controls include Surna’s proprietary loop capacity monitoring, which allows Surna to assess the actual output and unused capacity of the climate control equipment under various operating conditions. This provides valuable engineering data for optimizing performance remotely and troubleshooting — data not previously available to cannabis cultivators because the industry has not systematically collected and analyzed it before now. Because cooling and dehumidification systems are typically the largest consumers of energy in cannabis cultivation facilities, such information is extremely important to accurately assess energy use associated with climate control systems under various operating conditions. Additionally, the data provides critical cornerstone information for predictive energy modeling in the future.
With Surna’s full suite of engineering, equipment, controls and data collection, cultivators no longer need three separate vendors to provide these products and services. At the same time, Surna can leverage the data it collects to ensure its designs operate with optimal efficiency under real-world conditions.
Surna’s mechanical design services, coupled with its SentryIQTM controls, offer customers significant flexibility to adapt to changing needs, methods and facility parameters, including modifications that may occur between design, application and perfection of the cultivation process.
About Surna
Surna Inc. (www.surna.com) designs, engineers and manufactures application-specific environmental control and air sanitation systems for commercial, state- and provincial-regulated indoor cannabis cultivation facilities in the U.S. and Canada. Our engineering and technical team provides energy and water efficient solutions that allow growers to meet the unique demands of a cannabis cultivation environment through precise temperature, humidity, light, and process controls and to satisfy the evolving code and regulatory requirements being imposed at the state, provincial and local level.
SRNA
SRNASurna Signs Contracts for New Monitoring and Controls Systems
Press Release | 02/11/2020
Agreements cover equipment for a combined total of over 212,000 square feet of cultivation space
Boulder, Colorado, Feb. 11, 2020 (GLOBE NEWSWIRE) -- Surna Inc. (OTCQB: SRNA) announced a major milestone as it relates to the Company’s SentryIQTM Monitoring, Controls and Automation systems for control and data visualization of engineered cultivation facilities. The company has entered into seven contracts with six different companies to implement its SentryIQTM platform. Introduced in April 2019, these systems provide a steady stream of data that customers use to make daily cultivation decisions. Additionally, Surna can use this data to track trends and apply future enhancements to its products and services, fostering closer relationships with clients throughout their facilities’ life cycles.
The new contracts cover the following projects:
100,000 square foot project in Alberta, Canada: Surna is working on two projects for one customer that each involve approximately 50,000 square feet of cultivation space. Surna will provide engineering design, climate control equipment and its SentryIQTM mechanical plant controller to control the chiller plant, boiler and to monitor energy consumption in the chiller plant.
25,000 square foot project in California: Surna will provide engineering design services, climate control equipment and a SentryIQTM plant controller for a 25,000-square-foot cultivation space facility run by a multi-facility operator.
10,000 square foot project in Alberta, Canada: Along with engineering design services, Surna will provide climate control equipment, a front-end user interface, SentryIQTM Facility Supervisor and SentryIQTM Room Controllers that will control temperature, humidity and CO2 evacuation for over 10,000 square feet of cultivation space. Additionally, Surna will provide vapor pressure deficit monitoring and data collection. Surna will also conduct ongoing monitoring and supervision support by logging into the customer’s system to review performance and adjust programming and algorithms as needed.
40,000 square foot project in British Columbia, Canada: Surna is providing engineering design, climate control equipment and its full suite of controls products for 40,000 square feet of cultivation space in a multi-tiered facility utilizing LED lighting.
12,000 square foot project in Oklahoma: Surna is providing climate control equipment and its full suite of controls products for 12,000 square feet of cultivation space. Surna is also providing engineering design services for this multi-state operator.
25,000 square foot project in Michigan: Surna is providing climate control equipment and its full suite of controls products for 25,000 square feet of cultivation space. Surna is also providing engineering design services for this facility.
All SentryIQTM controls include Surna’s proprietary loop capacity monitoring, which allows Surna to assess the actual output and unused capacity of the climate control equipment under various operating conditions. This provides valuable engineering data for optimizing performance remotely and troubleshooting — data not previously available to cannabis cultivators because the industry has not systematically collected and analyzed it before now. Because cooling and dehumidification systems are typically the largest consumers of energy in cannabis cultivation facilities, such information is extremely important to accurately assess energy use associated with climate control systems under various operating conditions. Additionally, the data provides critical cornerstone information for predictive energy modeling in the future.
With Surna’s full suite of engineering, equipment, controls and data collection, cultivators no longer need three separate vendors to provide these products and services. At the same time, Surna can leverage the data it collects to ensure its designs operate with optimal efficiency under real-world conditions.
Surna’s mechanical design services, coupled with its SentryIQTM controls, offer customers significant flexibility to adapt to changing needs, methods and facility parameters, including modifications that may occur between design, application and perfection of the cultivation process.
About Surna
Surna Inc. (www.surna.com) designs, engineers and manufactures application-specific environmental control and air sanitation systems for commercial, state- and provincial-regulated indoor cannabis cultivation facilities in the U.S. and Canada. Our engineering and technical team provides energy and water efficient solutions that allow growers to meet the unique demands of a cannabis cultivation environment through precise temperature, humidity, light, and process controls and to satisfy the evolving code and regulatory requirements being imposed at the state, provincial and local level.
Been waiting for some kind of release, price action over the past week has been pointing to it
SRNA
Big bids coming in, thin to .12
SRNA